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can they resolve the disagreement offer spending cuts? democrats are resisting. they want a longer perhaps one-year delay and president obama was trying to rally those disappointed democrats with remarks that he just made by citing gains that he had won in terms of energy and education tax breaks he supported in the past and vowing to seek more revenue later on when we get to the discussion of entitlement cuts or what republicans believe is safer ground. saw some tweets saying he is trying to gum up the works. but there is the way the to and fro negotiation of president obama making sure his own troops are in line if he makes a deal. >> absolutely. talking to and fro, when president obama was speaking and saying a fiscal cliff deal was in sight, we saw the dow spike back above the 13,000 market pch pairing those gains a little bit as we speak. still below the 13k mark right now. we will watch this as we continue to get headlines. let's talk to aimian who is also falling a minute by minute changes. what is the latest in your camp? >> the deal john just outlined wo
can they resolve the disagreement offer spending cuts? democrats are resisting. they want a longer perhaps one-year delay and president obama was trying to rally those disappointed democrats with remarks that he just made by citing gains that he had won in terms of energy and education tax breaks he supported in the past and vowing to seek more revenue later on when we get to the discussion of entitlement cuts or what republicans believe is safer ground. saw some tweets saying he is trying to...
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Dec 24, 2012
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offer to increase taxes on top 2%, whether 400,000 or 500,000 and of some small spending changes. that seems to be all anybody is talking about right now. that may be all that we can get through. plan c seems to be the original plan a at this point. >> we are making our way through the alpha bet. thank you, guys. merry christmas, all. >> merry christmas. >> see you later. >> let's get to the nasdaq marketsite. seema mody. >> weighing here on the nasdaq on large cap tech shares, take a look at dell shares moving lower. research in motion continuing its plunge after losing roughly 20% on friday with concerns aroundity revenue service model being the key issue there. aside from that, a biotech stock on the move, a small cap but as you see a commendable run over the past six months, gaining 70%. investors piling in, in anticipation of approval. today they got that approval. however the cholesterol lowering drug will contain a boxed warning citing risk of liver toxicity. perhaps that's a reason we are 150eing that stock move lower. on to bright spots, if you can believe it, facebook, b
offer to increase taxes on top 2%, whether 400,000 or 500,000 and of some small spending changes. that seems to be all anybody is talking about right now. that may be all that we can get through. plan c seems to be the original plan a at this point. >> we are making our way through the alpha bet. thank you, guys. merry christmas, all. >> merry christmas. >> see you later. >> let's get to the nasdaq marketsite. seema mody. >> weighing here on the nasdaq on large cap...
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Dec 25, 2012
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president obama spending christmas eve on the links in honolulu with friends. while lawmakers relax at home for the holidays. right now the senate looks like it might be the only hope for a compromise deal. can a deal be struck? white house correspondent brianna is traveling with the first family in honolulu, hawaii. hey, brianna, good morning. >> good morning, to you, it's been many silent nights actually in washington these days. not because there's nobody there to sort of figure out what's going on with the fiscal cliff but also, because folks really aren't talking. we know the white house is talking to senate democrats as we look to the senate as he reconvene on thursday, really, the last-ditch effort to try to do something. as of yet, congressional democrats in the white house are not talking with congressional republicans. that's even at the staff level. what we're expecting now is that the senate majority leader harry reid will try to get something together to get republican support in both the house and the senate. but what they're looking at now is a s
president obama spending christmas eve on the links in honolulu with friends. while lawmakers relax at home for the holidays. right now the senate looks like it might be the only hope for a compromise deal. can a deal be struck? white house correspondent brianna is traveling with the first family in honolulu, hawaii. hey, brianna, good morning. >> good morning, to you, it's been many silent nights actually in washington these days. not because there's nobody there to sort of figure out...
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that's what obama and boehner were talking about, how to get to that split. and they just couldn't agree. and republicans kept saying to democrats, let's see your spending cuts, where are they and democrats said, if you want to cut social security and medicare, you tell us how you want to do it. the people like the idea of spending cuts but when you get down to the specifics, not very popular. so, it just wound up only on the tax issue, which is making republicans unhappy. >> let's talk about the republican party and now unified they are. we certainly saw boehner's plan b fail but might have just been some political positioning. as we go into the debt ceiling, do they have a unified approach or could we see that party splinter apart? >> they have a tea party caucus who wants to see a debt ceiling increase without really serious spending cuts. they want to see on the order of a trillion dollars more in spending cuts in order for any increase to have, you know, any impact. you're going to see a real problem there in the republican car us can to get a debt ceili
that's what obama and boehner were talking about, how to get to that split. and they just couldn't agree. and republicans kept saying to democrats, let's see your spending cuts, where are they and democrats said, if you want to cut social security and medicare, you tell us how you want to do it. the people like the idea of spending cuts but when you get down to the specifics, not very popular. so, it just wound up only on the tax issue, which is making republicans unhappy. >> let's talk...
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Dec 31, 2012
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from obama care, and the regulatory costs being imposed by epa and others. they may shut down fracking in this country which is one of the few positive things that's been happening over the past few years. >> if it does appear we're going to get increases, that you've long opposed, do you at least think you're going to get 72 hours? the other thing you've been arguing for? >> well, that i think is very important. if we can all look at this, the present house rules say 72 hours for the american people. the president of the united states said he wouldn't sign anything up for days as well. but he's broken that promise a bunch of times. i had argued it should be there for weeks so that you and all the folks in the media and the press and the american people could actually read the small print of any deal. the one biggest fear i have is that they're going to sell it as one thing, and when you look at it in the cold light of day, it's going to be even worse. that's what happened in '90 with the bush deal, that's what happened in '82 when they cheated reagan. it is
from obama care, and the regulatory costs being imposed by epa and others. they may shut down fracking in this country which is one of the few positive things that's been happening over the past few years. >> if it does appear we're going to get increases, that you've long opposed, do you at least think you're going to get 72 hours? the other thing you've been arguing for? >> well, that i think is very important. if we can all look at this, the present house rules say 72 hours for...
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Dec 26, 2012
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president obama spending the last few hours in hawaii relaxing before he heads back to washington to hope to get a deal and avoid the fiscal cliff. we look at what happens if the deal does not happen. spoiler alert, it will cause you money. grapevine, david gregory could be in trouble for a segment on his sunday show. we show you what happened. "special report" starts at 6:00 p.m. eastern standard time. now back to new york and "the five." ♪ ♪ ♪ >> kimberly: is it a horrible offense to be too good look? apparently so in iowa. they ruled a dentist james night had a right to fire his dental assistant melissa nelson for being too irresistible. and a perceived threat to his marriage. nelson worked in the office for ten years said she viewed knight as father figure and was fired after his wife complained about his infatuation with her. >> after working for so many years side-by-side, i didn't have any idea that that would have crossed his mind. i think it sends a message that men can do whatever they want in the workforce. >> kimberly: not nice. but apparently the iowa supreme court
president obama spending the last few hours in hawaii relaxing before he heads back to washington to hope to get a deal and avoid the fiscal cliff. we look at what happens if the deal does not happen. spoiler alert, it will cause you money. grapevine, david gregory could be in trouble for a segment on his sunday show. we show you what happened. "special report" starts at 6:00 p.m. eastern standard time. now back to new york and "the five." ♪ ♪ ♪ >> kimberly: is...
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Dec 29, 2012
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obama met with top leaders from the both sides of the aisle in a rare meeting that lasted over an hour. afterward, he spoke about the importance of the deal for the u.s.'s still recovering economy. >> economists, business leaders, all think we're poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> senate minority leader mitch mcconnell also spoke after their meeting expressing home that the weekend would bring a deal. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation i can make to my conference and the majority leader can make to his conference. and we'll be working hard to try to see if we can get there in the next 24 hours. i'm hopeful and optimistic. >> we're watching that story closely. >>> protesters demanding justice for the young woman who has died now after she was brutally beaten and gang raped on a bus in new delhi earlier this month. our cnn reporters on the ground tell us tod
obama met with top leaders from the both sides of the aisle in a rare meeting that lasted over an hour. afterward, he spoke about the importance of the deal for the u.s.'s still recovering economy. >> economists, business leaders, all think we're poised to grow in 2013. as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> senate minority leader mitch mcconnell also spoke after their meeting expressing home that the weekend...
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here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 threshold for rates, maybe an amt attached to it and maybe have unemployment attached to it, but that's it. that's what the president wants at the end of the day. the question for mccon cell this, can he raise that threshold now at the 11th hour from president obama's $250,000 perhaps to $300,000 or $400,000. >> and just concede on spending cuts. >> at this point the republicans are like a prizefighter on the ropes and they're not in a great negotiating position and the caucus walked
here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some...
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obama wants one thing and mr. boehner once anothesee and we will see a knockdown drag out fight any big dramatic of negotiation. what you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. boehner can't come to agreement. as much as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust national media is not focusing washit the reality is. they are just playing games. right along th the folks in washington. this president is guilty of class warfare. for hat? are you kidding me?ma. prident obama seems to love reat the drama. i thought he didn't like drama. the reality is that there will be so little impact on our fiscal future. the after all of the drama and whateeer the outcome, we remaih in great jeopardy. because this isn't a fiscals. future. this is not something that any of us want. don't you love it? a lame-duck session of congress. they areon the ones who hav
obama wants one thing and mr. boehner once anothesee and we will see a knockdown drag out fight any big dramatic of negotiation. what you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. boehner can't come to agreement. as much as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, they aret playing at the margin in thecust national media is not focusing washit the reality is. they...
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obama has stimulus spending built in. they are not far apart. [ overtalk ] >> eric: boehner can get $1 million and below -- just dance is because -- listen, you can't blame that on democrats. republicans would not come in -- >> andrea: how dare they do that to a guest. >> disgusted. >> kimberly: welcome to the program. >> we're out of time now. >> kimberly: time for a word from our sponsors. political fall-out. people are saying, blame the democrats and republicans. the democrats are winning the messaging here. who is to blame? >> correct me if i'm wrong. conventional wisdom is when all is said and done, obama will look well. what he doesn't care about is the popularity boost in the polls. what the president cares sabt the legacy. what happens when it's said and done, if the economy tankss and blows it, that is part of the legacy. >> juan: that is exactly right. >> kimberly: invested in getting something done here. >> eric: that is what they want everyone to believe if they get something done it's better for the economy.
obama has stimulus spending built in. they are not far apart. [ overtalk ] >> eric: boehner can get $1 million and below -- just dance is because -- listen, you can't blame that on democrats. republicans would not come in -- >> andrea: how dare they do that to a guest. >> disgusted. >> kimberly: welcome to the program. >> we're out of time now. >> kimberly: time for a word from our sponsors. political fall-out. people are saying, blame the democrats and...
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and that host is capping flak if not asking the tough questions on taxes and spending and follow-up >> politics is always messy. people have asked me about the film "lincoln" and --. >> is this your lincoln moment? >> no, i never compare myself to lincoln. and, obviously the magnitude of the issues are quite different from the civil war and slavery. >> how accountable are you for the fact that washington is not getting anything done? >> if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. >> and now, what do you think of how the media is treating the president as we muddle through this fiscal mess? >> it is a consequential time, the president has to answer tough questions about the toughest questions of our time and he sits down with "meet the press" and the president and the white house believes this is his opportunity to speak to america, to speak broadly. what he did, he used the interview to stand it will be republicans' fault if we go over the cliff. the reporter did not push back and asked him only, do you bear some fault, but, al
and that host is capping flak if not asking the tough questions on taxes and spending and follow-up >> politics is always messy. people have asked me about the film "lincoln" and --. >> is this your lincoln moment? >> no, i never compare myself to lincoln. and, obviously the magnitude of the issues are quite different from the civil war and slavery. >> how accountable are you for the fact that washington is not getting anything done? >> if you look at my...
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he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian kelly, the co-founder of shelter harbor capital. can we bring up that chart again, guys so people can understand what happened today? we are showing you a one-day chart of both the dow, all three, the dow, the nasdaq and the s&p. this is a one-day chart. so harry reid comes out and says, folks, we are going off the cliff and the markets start to tumble and tumble and tumble and tumble and then 3:00 in the afternoon you see the sharp rise up and the house is coming back the in the session on sunday night to do something. we don't know what and the markets managed to get back to flat. so ken heebner, the market seemed to care about the deal getting done. is it g
he said 800 billion is what he said during the election. >> and 6 trillion. >> yeah. >> spending is not the problem. >> no, i agree with you. >> i'm sorry. >> revenue is not the problem. >> yeah. >> it's been a long week, hasn't it? >> good luck on sunday, let's see what happens and we'll have you back afterward and see what's going on. >> let's get the market reaction. eamon hinted at this, and capital growth management and brian...
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on the table was $1.4 trillion in higher taxes over ten years, and $800 billion in lower spending. that's taking a lot of liquidity out of the economy. >> okay, barry, last question here. fill in the blanks for me. if we hold x, then this correction will not happen. >> if we hold, i mean, key support level certain little on the s&p 500. look for 1400, would be a key support level to hold there. we'd want to bounce back up. but what you really would be looking for, i showed on the charts, key resistance levels. what you really want to see, we have not been able to break above those resistance levels. you need to break above those resistance levels very convincingly if you're going to convince me there's going to be a rally in 2013. >> barry, thank you, joining us tonight from miami. >> thank you. >> you look what barry has to say? >> i think you should get a correction here. >> do you like the notion of the presidential cycles? >> i look more, you know, so, you're dealing right now, there are so many headlines out there and you are trying to decipher what's important, if you are foc
on the table was $1.4 trillion in higher taxes over ten years, and $800 billion in lower spending. that's taking a lot of liquidity out of the economy. >> okay, barry, last question here. fill in the blanks for me. if we hold x, then this correction will not happen. >> if we hold, i mean, key support level certain little on the s&p 500. look for 1400, would be a key support level to hold there. we'd want to bounce back up. but what you really would be looking for, i showed on...
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Dec 29, 2012
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again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there
again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to...
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. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president, you know? i mean, citizens united is a horrible thing that people can spend and waste this amount of money on elections? think of all the -- you know, the people that could benefit from that money, you know? >> there have been two elections since i've been in america, there have been two elections where one party has had far more financial firepower than the other. one was here in california with meg whitman, one was nationally, but romney clearly had more money than obama. for most of that campaign. in both cases, the one with the most money lost. >> isn't that great? >> what does that tell you? >> people are getting smarter. i don't like all this amount of money spent on this election. there should be a give -- campaign finance reform is very important. i hope somebody does something about it. you should have a given amount. equal amount. equal air time and that's it. yo
. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president, you know? i mean, citizens united is a horrible thing that people can spend and waste this amount of money on elections? think of all the -- you know, the people that could benefit from that money, you know? >> there have been two elections since i've been in america, there have been two elections where...
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in the first term he had to pretend he cared about spending and debt. in fact, when he sold obama care, if you remember the first speech, he said this is a way to deal with our debt. the main driver of debt is healthcare costs and what i'm going to do is going to cure the problem. that's how he sold it i don't think he believed it then. i'm not sure he believes it now. >> just such a good segway because you don't even know that i have these things in my back pocket. [ laughter ] and because i didn't brief you before. >> this is like abbot and costello. >> bret: it really is. we'll end 2012. >> he have been doing the gig for so long don't have to communicate. >> bret: listen to the president talk about entitlements and when he talking to republicans. >> the major driver of our long-term liabilities, everybody here knows is medicare and medicaid and our healthcare spending. nothing comes close. social security we could probably fix the same way tipp o'neal and ronald reagan sat down together and they could figure something out, that is manageable. medicar
in the first term he had to pretend he cared about spending and debt. in fact, when he sold obama care, if you remember the first speech, he said this is a way to deal with our debt. the main driver of debt is healthcare costs and what i'm going to do is going to cure the problem. that's how he sold it i don't think he believed it then. i'm not sure he believes it now. >> just such a good segway because you don't even know that i have these things in my back pocket. [ laughter ] and...
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. >> sean: and where is obama? >> there is no revenue problem it is a spending problem. we have revenue and spending problems right now. it is a slow slope out of this and that is what the president is trying to do to the tune of $4 trillion. >> sean: but joe, stop! four years he has had here and given us $6 trillion in debt. he is trying? he is not cutting spending. >> the revenues got wiped out -- revenues got hit because of the -- because of the recession. that is his part of the problem. that is true. there s a small part there at least. >> sean hannity does any of this create new jobs? we are talking about 2 cents on the dollar. does this deal, joe trippi, create one private sector american job? the answer is no. this is playing to the most extreme liberal base. creates no jobs. explodes the deficit. hurts middle class employment. none has anything to do with the problem that we have which is number one in revenue we are spending too much and number two job creation. none of this helps either one of those things joe trippi and you know that is true. >> i don't know
. >> sean: and where is obama? >> there is no revenue problem it is a spending problem. we have revenue and spending problems right now. it is a slow slope out of this and that is what the president is trying to do to the tune of $4 trillion. >> sean: but joe, stop! four years he has had here and given us $6 trillion in debt. he is trying? he is not cutting spending. >> the revenues got wiped out -- revenues got hit because of the -- because of the recession. that is his...
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he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not
he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good...
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but mostly the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says, no, let's raise taxes instead, now we're dealing with tens of trillions of dollars of unfunded liabilities that were not -- for four years obama's done nothing on entitlement reform. nothing, nothing, nothing, for four years. a lot of golf. nothing on entitlement reform. what has he done? chirped about raising taxes on rich people. raising taxes on rich people is what obama talks about instead of doing his job. so it's -- there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest, and work. and the other thing you do is you never get to reform government entitlements. >> that's not causal, though. >> it is, it is, absolutely. >> it's not. >> you live in new york. i live in d.c. >> yeah. >> washington. this is all causal. the reason he
but mostly the other effect it has is that we're not cutting spending because we're spending too much money. and that sends a very bad signal. if we're not going to do entitlement reform, because every time we talk about it obama says, no, let's raise taxes instead, now we're dealing with tens of trillions of dollars of unfunded liabilities that were not -- for four years obama's done nothing on entitlement reform. nothing, nothing, nothing, for four years. a lot of golf. nothing on entitlement...
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it's about spending. it's about the debt and when the president's proposal, original proposal would produce, what, about $80 billion next year? that would just cover the incremental increase in interest costs on our debt. we're avoiding the truth. we're avoiding the reality and that's why a lot of us are very cranky about some of the let's do a patch work, let's push it off into the future because we're going to crash and burn under our own debt. >> if you're cranky, think about how the american public feels right now, congressman. they are very cranky that you folks have not been able to make any seeming head way, either on the spending side, which i agree with you is the truly important one that we have to address. >> exactly. >> or on the tax side. but nobody seems to have moved this ball very far forward unless i and everybody else is missing a heck of a lot. on the spending side, what precise specific spending cuts would you like to see and could you buy into, any spending cuts of the defense establi
it's about spending. it's about the debt and when the president's proposal, original proposal would produce, what, about $80 billion next year? that would just cover the incremental increase in interest costs on our debt. we're avoiding the truth. we're avoiding the reality and that's why a lot of us are very cranky about some of the let's do a patch work, let's push it off into the future because we're going to crash and burn under our own debt. >> if you're cranky, think about how the...
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Dec 29, 2012
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the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding waves are threatening their foundations. two homes are so unstable the homeowners can't get inside to retrieve their belongings. >>> now, time to ginger and the weather. >> pittsburgh, getting more snow this morning. and they're about 27 of so getting up early this morning. some more cold air behind it. and the snowstorm we've been talking about before the broadcast, now moving into northeast new england
the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and...
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Dec 28, 2012
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but if we were focusing on entitlement reform or spending or any of the big issues, joe, then obama couldn't get his base to -- so it's awo-way street we got going. >> takes two to tango. if he could have gotten inside together we might have had a shot of getting this done. sadly this is kind of like watching a last-place football team in a two-minute hurry up offense inside the red zone. you know they're going to blow it. all they do is kick a field goal and they can't get that done. this is so unfortunate but it's not going to get done. i agree with jimmy, it's not looking good at all. i'd like to be hopeful. i'd like to be optimistic. it looks like they're going to blow it. >> jimmy, did you watch harry reid yesterday? i mean, did -- i guess mcconnell was bad, too. is there something about harry, is that a song or something? >> mary. >> something about mary. >> your hair. >> sadly, joe, i did watch it, bee i'hate ink. but, yes, i watched the tennis match between the two senate leaders and that is -- that is par normal for the senate these days. when i worked there, they would do exactly t
but if we were focusing on entitlement reform or spending or any of the big issues, joe, then obama couldn't get his base to -- so it's awo-way street we got going. >> takes two to tango. if he could have gotten inside together we might have had a shot of getting this done. sadly this is kind of like watching a last-place football team in a two-minute hurry up offense inside the red zone. you know they're going to blow it. all they do is kick a field goal and they can't get that done....
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Dec 31, 2012
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and so this is not going to be simply a matter of me spending political capital. >> president obama on "meet the press" over the weekend. in the wake of the newtown, connecticut school shootings. the president insisted he wants new gun control legislation passed in the next year. he put vice president biden in charge of that task force to make recommendations to him. democratic congressman john yarmouth of kentucky joins us now and he sits on the budget oversight and government reform and ethics committees. good to see you. >> good to be with you. >> what is your thought on what the president said on "meet the press?" >> i think he is absolutely right. what sets this apart, however, is that we do have presidential leadership on this issue. that is something that hasn't been there during past attempts to do something to curb gun violence. i am thrilled about that. i agree with him totally. i've said many times the public has to keep the drum beat going because unless there is a perceived cost to many of the politicians up here not much is likely to happen. we have to make sure the publi
and so this is not going to be simply a matter of me spending political capital. >> president obama on "meet the press" over the weekend. in the wake of the newtown, connecticut school shootings. the president insisted he wants new gun control legislation passed in the next year. he put vice president biden in charge of that task force to make recommendations to him. democratic congressman john yarmouth of kentucky joins us now and he sits on the budget oversight and government...
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Dec 29, 2012
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do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and not identifying with the average wants and needs of middle class americans and in the end, people decided to stick with the devil they knew rather than the one they didn't. >> paul: so the election, the republican defeat was big, but it wasn't overwhelming in a sense of repudiation, kim, as far as a republican platform and their agenda? >> no, i think the reason, look, this country had the opportunity in this election to once again hand completely controlled government to democrats. everyone in the house was up for reelection and yet, they continued to give republicans, majority there. they liked divided government and i think you've got to look to the number of states that have elected very conservative governors who are doing the exact opposite of what barack obama is doing at the federal level
do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and not identifying with the average wants and needs of middle class americans and in the end, people decided to stick with the devil they knew rather than the one they didn't. >> paul: so the election, the republican...
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Dec 27, 2012
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president obama ran not on spending cuts, but on tax increases for the wealthy. it's something that's going to happen next monday anyway or tuesday regardless of whether the president does anything or there's a deal or not. because it's just going to expire. >> he's known that all along. >> but the republicans ran on spending cuts. so they're the ones that ran on this. why don't they put up their spending cuts? the president didn't run on that. and the irony is when he did mention spending cuts, $716 billion in medicare cuts during the campaign, mitt romney and paul ryan and all the republicans, who wanted to do the exact same thing he did, they jumped on his case for proposing cuts to medicare. so how can you negotiate with a party that isn't serious about its own caucus, and isn't capable of controlling them and doesn't have a serious plan for dealing with spending cuts on its own, because it's afraid to take the heat? nobody wants to cut spending. let's just admit that. but if we're going to do it, somebody's got to take the heat and the republicans have been
president obama ran not on spending cuts, but on tax increases for the wealthy. it's something that's going to happen next monday anyway or tuesday regardless of whether the president does anything or there's a deal or not. because it's just going to expire. >> he's known that all along. >> but the republicans ran on spending cuts. so they're the ones that ran on this. why don't they put up their spending cuts? the president didn't run on that. and the irony is when he did mention...
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Dec 24, 2012
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president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to either let it happen or insert some kind of stop-gap in there. the other one of course is just literally to extend everything for another month. extend all the cuts to the end of january and simply delay sequestration and of course that is the least desirable but that may be in fact the one that happens right now. let's move on and show you the market is still not very worried about it. the five-month high on an intraday basis on friday but still staying within that trading range that has been in for a while now. not really busting out above 20. if we stayed out above 20 then you could have people sa
president obama's offer to raise taxes on the top 2%, restore the bush era tax cuts for the rest of us. yes there is talk about putting in spending cuts, raising medicare eligibility and changing the inflation measure for social security but that is still the one on the table. then there is the alternatives. the house passing that existing senate bill that's out there that would raise taxes on the top 2%. that doesn't include sequestration though. sequestration could happen so they have to...
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Dec 26, 2012
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united stat states -- spending cuts we are enacted by the house they voted for. >> the obama deficit. >> you cannot point to democrats and say you're not supporting spending cuts, rite in the president's offer. what you don't understand, i think, is that boehner won't bring this stuff to a vote because he knows the majority of house members, democrats and republicans combined actually want to support a deal as those 200 plus ceos want. what he's doing is political self-preservation, he thinks, because if he doesn't get a majority of his majority under the old gingrich practice, he thinks he will lose his speakership. the country should come first and boehner should bring it to a vote and if he doesn't, he should not be speaker of the house. >> where is the hunt over the next few days for compromise. if you think it's doable, maybe david won't be happy with it but happy enough. >> probably exactly what we've always been talking about, taxes for $250,000 and above and serious spending cuts and any promise on either the debt ceiling and/or medicare. >> do we get a promise on the debt ce
united stat states -- spending cuts we are enacted by the house they voted for. >> the obama deficit. >> you cannot point to democrats and say you're not supporting spending cuts, rite in the president's offer. what you don't understand, i think, is that boehner won't bring this stuff to a vote because he knows the majority of house members, democrats and republicans combined actually want to support a deal as those 200 plus ceos want. what he's doing is political self-preservation,...
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Dec 26, 2012
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you can't cut spending your way out of this. you can't grow your way out of this. >> another 2 million people will lose their jobs. unemployment will go to over 9%. why would you do that? >> president obama is meeting with high profile chief executive officers today. >> we don't legislate but we know a lot about the consequences of failing to reach an agreement. >> we're here to support putting america back to work. >> we have to make sure that taxes don't go up on middle class families, that we're creating jobs. >> it's time for the president and democrats to get serious about the spending problem that our country has. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. >> how about we stop all the press conferences, statements, speeches. stop the personal and political attacks. >> people have a lot of different views. i'm willing to compromise a little bit. >> the president keeps opening doors for the speaker to go through and the action that the speaker announced, he is slamming the door in the p
you can't cut spending your way out of this. you can't grow your way out of this. >> another 2 million people will lose their jobs. unemployment will go to over 9%. why would you do that? >> president obama is meeting with high profile chief executive officers today. >> we don't legislate but we know a lot about the consequences of failing to reach an agreement. >> we're here to support putting america back to work. >> we have to make sure that taxes don't go up on...
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now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news agreement would let tax cuts expire on $450,000 instead of the president's cut off $250,000. extend unemployment benefits for another year it does not include any new spending cuts. of course, that's the other big issue in this fiscal cliff standoff. we have team fox coverage. mike emanuel is live on capitol hill. but first to ed henry at the white house. ed, it looks as if we are taking the plunge. >> it does, trace. but what i think the white house is hoping here tonight is that lawmakers are going to have some framework by midnight tonight that basically says votes as soon as tomorrow or maybe even in early wee
now, president obama and the senate republican leaders say they are close to a deal to prevent tax hikes on the middle class. the trouble is, the house has gone home and won't be voting on anything tonight. >> for now, our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> we all want to protect taxpayers, and we can get it done now. right now. >> trace: officials tell fox news...
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to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wanted to break this down simply because there's so much that complicates the story. let's look really quickly at a graphic of the basics, what's happening right now. here's where we stand with the fiscal cliff. first of all, who's doing the negotiating? ice the
to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of...
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Dec 25, 2012
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. >>> and president obama spending christmas with his family in hawaii and he played a rounds of golf with friends. it will be a short vacation because the president is expected back in washington later this week, just before the fiscal cliff deadline. >>> congress also home for the holidays and that means there's not a lot going on with the fiscal cliff negotiations. if no deal is reached in one week, the tax cuts enacted under president bush will expire and 1.2 trillion in spending cuts will automatically go into effect. if we do go over the fiscal cliff, how will it affect you from your paycheck to your retirement accounts? we're going to give you all the tips you need to protect yourself. here to do that this morning is ry ryan mac, president of opt middle school management. >> kudos for being able to pronounce that honolulu merry christmas saying. >> i don't think i can do it again. ahah! let's start with your paycheck as it applies to the fiscal cliff. if we go off the fiscal live how will mooirn and everybody's paycheck be affected? the majority of the paycheck won't be afeektd
. >>> and president obama spending christmas with his family in hawaii and he played a rounds of golf with friends. it will be a short vacation because the president is expected back in washington later this week, just before the fiscal cliff deadline. >>> congress also home for the holidays and that means there's not a lot going on with the fiscal cliff negotiations. if no deal is reached in one week, the tax cuts enacted under president bush will expire and 1.2 trillion in...
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Jan 1, 2013
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approving the bill to head off tax increases and spending cuts. president obama asking the house to pass it without delay. nancy cordes is on capitol hill now. nancy, good morning to you. >> reporter: good morning, terrell. technically we did go over the fiscal cliff at midnight this morning. but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned voted overwhelmingly around 2:00 in the morning by a vote of 89-8. almost all democrats and republicans voting yes on a deal that would make permanent the bush era tax cuts for people earning up to $400,000 a year and couples earning up to $450,000 a year. this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell? >> nancy cordes on capitol hill, nancy, thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospi
approving the bill to head off tax increases and spending cuts. president obama asking the house to pass it without delay. nancy cordes is on capitol hill now. nancy, good morning to you. >> reporter: good morning, terrell. technically we did go over the fiscal cliff at midnight this morning. but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned voted overwhelmingly around 2:00 in the morning by a vote of 89-8. almost all...
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Dec 31, 2012
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that's not because he takes it and spends it. if we just leave it in -- >> trillion going to save on obama care in the first ten years and then the ten trillion in the next ten years and by adding 30 million new people? >> right. >> who aren't going to be paying -- >> the way the republican budget saved money frankly was they slashed medicaid. in other words, according to the congressional budget office, by the year 2020, they cut medicaid by one -- >> no. >> that is exactly what you're -- >> no it didn't. >> corker says when the president said he was cutting a trillion on "meet the press," corker says that we don't have a single -- that's not one aspect of that trillion dollars has been actually identified. is that -- >> that's absolutely true. and again the only thing -- >> -- more savings -- >> we're not going to fight and interest savings from money we're not going to borrow. that's smoke and mirrors. >> what if you're the public sitting at home right now. they're mad at both of you guys right now. they're mad at the presiden
that's not because he takes it and spends it. if we just leave it in -- >> trillion going to save on obama care in the first ten years and then the ten trillion in the next ten years and by adding 30 million new people? >> right. >> who aren't going to be paying -- >> the way the republican budget saved money frankly was they slashed medicaid. in other words, according to the congressional budget office, by the year 2020, they cut medicaid by one -- >> no. >>...
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Dec 24, 2012
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>> i think he thought obama wasn't close enough. it's a couple hundred billion in revenues -- i mean in spending cuts that the president wanted and boehner said i can't believe that. neighbor he couldn't have pulled out because of the same guys that killed plan "b." >> shorter-term it looks like the republicans would feel that brunt politically of us going over the cliff. longer-term if you get into next year and you still have troubles and the economy is still weak, isn't the president taking a big chance here? i mean, do you get any sense that they're overplaying their hand because they won re-election? >> i agree with that. i think they are overplaying their hand a little bit. i think that the president doesn't want to have a second term overshadowed by a recession. which is actually an opportunity to get a few things done, completely over taken by this cliff. he does actually want a deal. i'm not sure he wants to go -- >> it's hard to be mad -- hopefully is, hard to be mad at 60 individual republicans and say i don't like this g
>> i think he thought obama wasn't close enough. it's a couple hundred billion in revenues -- i mean in spending cuts that the president wanted and boehner said i can't believe that. neighbor he couldn't have pulled out because of the same guys that killed plan "b." >> shorter-term it looks like the republicans would feel that brunt politically of us going over the cliff. longer-term if you get into next year and you still have troubles and the economy is still weak, isn't...
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. >>> president obama says the agreement reached by the senate is the, quote, right thing to do for our country and is encouraging the house to pass it without delay. >>> secretary of state hillary clinton is spending this new year's day in a new york hospital where she is being treated for a blood clot near her brain. doctors are using blood thinners to try to break up the clot which was found more than two weeks after clinton fainted and suffered a concussion. while the clot could have been serious, even fatal, doctors say she's expected to make a full recovery. >>> in california, a big new year's eve fireworks show in sacramento was called off at the last minute because of a deadly shooting. two people were killed and three others injured in a gunfight outside a restaurant and police decided to call off the nearby celebration that was expected to draw 40,000 people. >>> but here in new york city, the big apple, things were peaceful as more than a million people packed times square for the biggest new year's eve celebration of all. with party hats, 2013 glasses and a blizzard of confe
. >>> president obama says the agreement reached by the senate is the, quote, right thing to do for our country and is encouraging the house to pass it without delay. >>> secretary of state hillary clinton is spending this new year's day in a new york hospital where she is being treated for a blood clot near her brain. doctors are using blood thinners to try to break up the clot which was found more than two weeks after clinton fainted and suffered a concussion. while the clot...
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Dec 30, 2012
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president obama initially suggested $250,000 or above should see an increase. that number will probably be maybe 400,000, 500 thousands, but republicans want to see spending cuts. today they talked about changing the way social security benefits would be administered over time and save money, entitlement reform. that's off the table so republicans are saying where are we going off spending cuts? there's a hangup there. democrats on the other hand looking for a way to keep taxes for high for the higher income earners. instead of $400,000 they would like to lower that to $250,000 or above, so there's a sticking point on taxes and spending. but as you said, all eyes should be on the senate. the senate needs to pass a bill and it's run by democrats. they're really fighting amongst themself now to agree on a measure they can pass. literally by tomorrow, by new year's eve, in order to send something to the house in time to avert the fiscal cliff. >> you're the expert on this. you work on the hill every day. procedurally we've gotten past the point to get anything pas
president obama initially suggested $250,000 or above should see an increase. that number will probably be maybe 400,000, 500 thousands, but republicans want to see spending cuts. today they talked about changing the way social security benefits would be administered over time and save money, entitlement reform. that's off the table so republicans are saying where are we going off spending cuts? there's a hangup there. democrats on the other hand looking for a way to keep taxes for high for the...
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Dec 31, 2012
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president obama is modestly optimistic negotiations can prevent the tax hikes and spending cuts from kicking in. >> we don't yet see an agreement and now the pressure is on congress to produce. if they don't, what i have said is that in the senate, we should go ahead and introduce legislation that would make sure middle class taxes stay where they are and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no. >> we're following the last-minute drama to avoid anything bad happening here. dana bash is covering the urgent talks in washington. ali velshi gives us the bottom li line. and alison kosik is on wall street watching how worried investors are reacting this hour. dana, we want to begin with you. we are hearing there might have been some progress overnight. >> a lot more optimism being expressed from sources in both parties. mitch mcconnell who the prime negotiator on the republican side just moments ago told reporters he spoke to the vice president, who is the prime negotiator now on the democrat side. so
president obama is modestly optimistic negotiations can prevent the tax hikes and spending cuts from kicking in. >> we don't yet see an agreement and now the pressure is on congress to produce. if they don't, what i have said is that in the senate, we should go ahead and introduce legislation that would make sure middle class taxes stay where they are and there should be an up or down vote. everybody should have a right to vote on that. if republicans don't like it, they can vote no....
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president obama meeting with congressional leaders. that's going to happen this afternoon. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> we are just four days away from the tax increases and the automatic spending cuts that are going to affect everybody's finances. the president has now called for congressional leaders to come to the white house in search of a last-minute deal to avoid the so-called fiscal cliff, right? the president and the vice president, they're going to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do
president obama meeting with congressional leaders. that's going to happen this afternoon. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any...
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Jan 1, 2013
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has president obama showed when his back support against the wall, he will cave? >> the president has been very strong in these negotiations. you have to keep in mind the republicans really did not want to tax more wealthy people in our society one dime. not a dime, and he's stuck with that. i consider myself a liberal and proud of it. we did not want an increase in t the age with regard to medicaid and cpi with regard to social security benefits. and the president was strong there, and i think he'll continue to be strong, and, you know, i notice a different president since he won this election, i think he is working very closely with congress, and, again, i -- often i'm -- i'm critical for congress for not coming to the table and compromising. critical for trends for saying my way or the highway. but at some point, we've got to take care of a lot of people like folks in my district, who through this deal will at least be able to get unemployment benefits, and a number of others that mean something to middle class families. >> are we setting up ourselves for fight
has president obama showed when his back support against the wall, he will cave? >> the president has been very strong in these negotiations. you have to keep in mind the republicans really did not want to tax more wealthy people in our society one dime. not a dime, and he's stuck with that. i consider myself a liberal and proud of it. we did not want an increase in t the age with regard to medicaid and cpi with regard to social security benefits. and the president was strong there, and i...
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Dec 31, 2012
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president obama is the most admired man. >>> congress will spend part of the new year in session, trying to come up with a deal that will prevent the nation from going over the fiscal cliff. >>> the american academy of pediatrics has released a new statement encouraging elementary schools to let kids have their play time. recess gives children the opportunity to develop skills that can't be taught in the classroom, that it should not serve as a substitute for phys. ed. class. fond farewell 75 watt incandescent light bulb. under law, they can no longer be produced or imported as of january 1st though retailers can clear their remaining stocks. government will turn out the lights on traditional 60 and 40-watt bulbs in 2014. >>> it's what everyone is talking about, i think. reality tv star kim kardashian and rapper kanye west are expecting their first child. west made the announcement last night at a concert in atlantic city. west is 35. kardashian is 32, she is in the process of divorcing kris humphries, whom she married in 2011. >>> still ruled at the box office, stayed on top for a third
president obama is the most admired man. >>> congress will spend part of the new year in session, trying to come up with a deal that will prevent the nation from going over the fiscal cliff. >>> the american academy of pediatrics has released a new statement encouraging elementary schools to let kids have their play time. recess gives children the opportunity to develop skills that can't be taught in the classroom, that it should not serve as a substitute for phys. ed. class....
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cuts but it would not touch president obama does think this plan would pass both the house and senate if it got an up or down vote. he told the senate they had a day or two to make a deal on their own. if they're not making any progress he wants both chambers to bring this plan forward for up or down vote. speaker boehner apparently was noncommittal to that idea. it's important to point out that the debt ceiling is not a part of this plan c. that is still going to have to be dealt with separately later on. >> juliet: thank you, peter. >> dave: moderately optimistic. >> juliet: we are moderately optimistic about the weather. one-two punch comes as people are still digging out from past week's snow storm. >> clayton: preparation press still underway. stacking up on salt and sand. they have been presalting some of the roadways. >> dave: i hope so. maria my lien in for for rick this morning. good morning, maria. >> good morning. good to see you guys. good morning, everybody. we have another storm system first alert forecast to bring more snow to the northeast today. that's just after on t
cuts but it would not touch president obama does think this plan would pass both the house and senate if it got an up or down vote. he told the senate they had a day or two to make a deal on their own. if they're not making any progress he wants both chambers to bring this plan forward for up or down vote. speaker boehner apparently was noncommittal to that idea. it's important to point out that the debt ceiling is not a part of this plan c. that is still going to have to be dealt with...